OFG Stock Cash Flow Statements

OFG Bancorp Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

OFG Bancorp Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31

cash flows from operating activities:
net income	45,572,000	49,692,000	46,229,000	37,521,000	30,373,000	10,653,000	3,081,000	11,936,000	24,748,000	16,848,000	10,991,000	8,050,000
adjustments to reconcile net income to net cash from operating activities:
amortization of premiums, net of accretion of fair value
accretion of investment securities discounts, net of amortization of premiums	-83,000
amortization of other intangible assets	1,232,000	1,478,000	1,725,000	2,146,000	2,451,000
net change in operating leases	-59,000	59,000	86,000	59,000	120,000
depreciation and amortization of premises and equipment	5,085,000	5,286,000	5,043,000	3,780,000	3,366,000	1,210,000	1,468,000	1,333,000	1,468,000	1,275,000	1,393,000	1,567,000
deferred income tax (benefit) expense	-2,821,000
benefit from credit losses	25,688,000	15,121,000	9,445,000	1,551,000	6,324,000
stock-based compensation	1,615,000	1,165,000	965,000	973,000	2,209,000	366,000	368,000	263,000	159,000	73,000	4,000	6,000
(gain) loss on:
sale of securities		7,000				-7,360,000	2,000	-12,020,000
sale of loans	-625,000	-335,000	-252,000	-899,000	-1,894,000
foreclosed real estate and other repossessed assets	-39,000	-566,000	-238,000	-4,157,000	-1,583,000
sale of other assets		-1,000	-20,000	6,000	-181,000
originations and purchases of loans held-for-sale	-30,040,000	-27,696,000	-27,509,000	-56,954,000	-92,264,000	-43,144,000	-52,807,000	-49,958,000	-57,553,000	-28,142,000
proceeds from sale of loans held-for-sale	12,049,000	19,685,000	3,260,000	57,261,000	62,886,000	22,906,000	17,970,000	17,633,000	22,980,000	7,293,000	5,227,000	6,656,000
net increase in:
accrued interest receivable	1,678,000	-694,000	307,000	478,000	4,519,000	1,432,000	112,000	-3,444,000	5,329,000	15,289,000	-2,542,000	-472,000
servicing assets	1,197,000	-33,000	1,576,000	-473,000	-616,000
other assets	9,855,000	-558,000	-9,764,000	11,298,000	-7,190,000	3,858,000	2,374,000	419,000	-6,891,000	-5,364,000	-3,239,000	152,000
accrued interest on deposits and borrowings	-694,000	-1,254,000	543,000	-152,000	-291,000	-627,000	-312,000	-563,000	-2,071,000	-729,000	-2,683,000	-153,000
accrued expenses and other liabilities	13,700,000	-1,420,000	7,259,000	-28,860,000	18,887,000	-7,409,000	-17,143,000	4,476,000
net cash from operating activities	83,071,000	60,991,000	52,200,000	39,203,000	36,404,000	6,148,000	-31,419,000	-13,906,000	-20,513,000	4,794,000	-35,255,000	-335,000
see notes to unaudited consolidated financial statements.
ofg bancorpunaudited consolidated statements of cash flowsfor the six-month periods ended june 30, 2025 and 2024
cash flows from investing activities:
purchases of:
investment securities available-for-sale	-99,872,000	-933,000	-476,000	-399,025,000	-25,894,000	-77,910,000	-222,947,000	-2,104,008,000	-2,341,384,000	-2,389,555,000	-900,000,000	-101,616,000
fhlb stock	-20,700,000	-12,600,000	-9,000,000	20,000	45,000				-13,199,000	-4,835,000	-590,000	599,000
equity securities	-414,000	-1,693,000	-573,000	-998,000
maturities and redemptions of:
investment securities held-to-maturity	5,196,000	4,838,000	4,492,000		-126,777,000	-119,025,000	-209,112,000			215,533,000	63,663,000
proceeds from sales of:
foreclosed real estate and other repossessed assets, including write-offs	13,238,000	10,363,000	15,110,000	13,090,000	10,159,000
premises and equipment		1,000	20,000		580,000	101,000	-26,000	-75,000	5,000	14,000
origination and purchase of loans, excluding loans held-for-sale	-865,991,000	-683,420,000	-631,471,000	-770,935,000	-435,363,000	-67,024,000	-25,155,000	-28,153,000	-29,726,000	-38,097,000	-35,515,000	-79,416,000
principal repayment of loans	768,104,000	634,989,000	593,606,000	612,039,000	470,510,000		54,868,000	30,642,000		39,158,000	43,563,000	44,347,000
additions to premises and equipment	-4,350,000	-6,186,000	-3,118,000	-9,072,000	-3,564,000	-431,000	-861,000	-40,000	-1,829,000	-1,098,000	-1,093,000	-2,046,000
net cash from investing activities	-97,319,000	163,518,000	70,122,000	-525,171,000	-86,681,000	78,223,000	8,907,000	54,548,000	126,511,000	-231,382,000	-781,756,000	-44,734,000
cash flows from financing activities:
deposits	317,026,000	-205,733,000	-10,417,000	394,932,000		-124,230,000	-89,422,000	69,377,000	30,317,000	202,613,000	104,304,000	-25,715,000
securities sold under agreements to repurchase	-75,000,000									-13,388,000	759,788,000	85,391,000
fhlb advances and other borrowings	-70,000,000	-2,000
exercise of stock options and restricted units lapsed, net of employee award repurchased
purchase of treasury stock	-23,392,000		-2,894,000	-33,479,000		-7,022,000	-12,530,000		-181,000	-235,000
dividends paid on common stock	-11,453,000	-10,385,000	-9,572,000	-6,003,000		-2,442,000	-2,269,000
net cash from financing activities	133,711,000	-218,290,000	174,708,000	318,047,000		-235,851,000	-109,023,000	150,316,000	121,380,000	187,657,000	847,354,000	51,315,000
net change in cash and cash equivalents	119,463,000					-151,480,000	-131,535,000	190,958,000			30,343,000	6,246,000
cash and cash equivalents at beginning of period	591,137,000					605,477,000	448,946,000	277,123,000			34,070,000	17,269,000
cash and cash equivalents at end of period	710,600,000					453,997,000	317,411,000	468,081,000			64,413,000	23,515,000
accretion of fair value	-239,000
net decrease (increase) in:
ofg bancorpunaudited consolidated statements of cash flowsfor the quarters ended march 31, 2025 and 2024
exercise of stock options and restricted units lapsed	-3,470,000	-2,170,000	-1,738,000
amortization of deferred loan origination fees, net of costs, and fair value premiums on loans
deferred income tax expense		3,808,000	15,391,000	15,789,000	8,451,000			-3,979,000	862,000			-1,045,000
early extinguishment of debt				-42,000
the accompanying notes are an integral part of these consolidated financial statements
ofg bancorp consolidated statements of cash flowsfor the years ended december 31, 2024, 2023 and 2022
mortgage servicing rights
subordinated capital notes				-36,041,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
amortization of investment securities discounts, net of accretion of premiums
ofg bancorp unaudited consolidated statements of cash flowsfor the nine-month periods ended september 30, 2024 and 2023
ofg bancorp unaudited consolidated statements of cash flowsfor the six-month periods ended june 30, 2024 and 2023
amortization of deferred loan origination fees and fair value premiums on loans		827,000
amortization of investment securities (discounts), net of accretion of premiums		-3,580,000
ofg bancorp unaudited consolidated statements of cash flowsfor the quarters ended march 31, 2024 and 2023
net change in cash, cash equivalents and restricted cash		6,219,000	297,030,000	-167,921,000
cash, cash equivalents and restricted cash at beginning of period		748,173,000	550,464,000	2,023,650,000
cash, cash equivalents and restricted cash at end of period		754,392,000	847,494,000	1,855,729,000
ofg bancorp consolidated statements of cash flowsfor the years ended december 31, 2023, 2022 and 2021
loans held for investment
redemption of preferred stock
dividends paid on preferred stock						-1,201,000	-1,201,000
net cash from (used in ) financing activities
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
ofg bancorpunaudited consolidated statements of cash flowsfor the nine-month period ended september 30, 2023 and 2022
amortization of deferred loan origination fees (costs) and fair value premiums (discounts) on loans
ofg bancorpunaudited consolidated statements of cash flowsfor the six month periods ended june 30, 2023 and 2022
fhlb advances, federal funds purchased, and other borrowings			199,329,000	-458,000
amortization of deferred loan origination fees and fair value premiums (discounts) on loans			497,000
amortization of investment securities premiums, net of accretion of			-2,343,000
ofg bancorpunaudited consolidated statements of cash flowsfor the quarters ended march 31, 2023 and 2022
amortization of deferred loan origination fees and fair value (discounts) premiums on loans				-723,000	51,000
amortization of fair value premiums on acquired deposits
bargain purchase from scotiabank pr & usvi acquisition
gain on:
ofg bancorpconsolidated statements of cash flowsfor the years ended december 31, 2022, 2021 and 2020
outlays for business acquisitions
amortization of investment securities premiums, net of accretion of discounts				599,000	787,000	11,841,000
benefit from (recapture of) credit losses
valuation of loans held for sale
trading securities				2,000	-1,000	-184,000	-114,000	230,000	-352,000	1,029,000	-218,000	-174,000
see notes to unaudited consolidated financial statements
ofg bancorpunaudited consolidated statements of cash flowsfor the nine-month period ended september 30, 2022 and 2021
exercise of stock options with treasury shares				-904,000
reconciliation of the consolidated statements of cash flows to the consolidated statements of financial condition:
cash and due from banks				1,849,906,000								13,227,000
money market investments				5,648,000								10,288,000
restricted cash				175,000
total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period				1,855,729,000
ofg bancorpunaudited consolidated statements of cash flowsfor the six-month periods ended june 30, 2022 and 2021
ofg bancorpunaudited consolidated statements of cash flowsfor the quarters ended march 31, 2022 and 2021
deferred income tax benefit										-157,000	-53,000
ofg bancorp consolidated statements of cash flows for the years ended december 31, 2020, 2019 and 2018
fully charged-off loans
cash and cash equivalents received in scotiabank acquisition
bargain purchase from scotiabank acquisition
other investments					-1,595,000						-31,000
cash and cash equivalents received in scotiabank pr & usvi acquisition
amortization of core deposit, customer relationships and other intangibles
loans held-for-investment
derivatives						1,000	3,968,000	10,636,000	-434,000	7,803,000	-9,052,000	-882,000
amortization of deferred loan origination fees and fair value premiums on acquired loans
amortization of core deposit and customer relationship intangibles
benefit from loan losses								4,014,000	3,200,000	1,650,000	1,075,000	1,001,000
stock-based compensation excess tax benefit recognized in income
early extinguishment of repurchase agreements
originations of loans held-for-sale											-36,766,000	-13,243,000
sale of other repossessed assets
net (decrease) in:
fdic shared-loss (benefit) expense
benefit from loan and lease losses							4,349,000
sale of other repossesed assets
repayments to fdic on shared-loss agreements
net change in restricted cash
fdic shared-loss benefit
sale of mortgage loans held-for-sale
foreclosed real estate						398,000	2,397,000	2,228,000	2,728,000	969,000	820,000	1,218,000
proceeds from sale of mortgage loans held-for-sale
amortization of deferred loan origination fees, net of costs						142,000	10,000	135,000	51,000	-100,000	-285,000	-401,000
amortization of fair value premiums, net of discounts, on acquired loans
other-than-temporary impairment on securities
sale of premises and equipment						-82,000	8,000	-14,000		1,000
principal repayment of loans, including covered loans						58,969,000
(repayments to) reimbursements from the fdic on shared-loss agreements
equity in undistributed earnings from banking subsidiary
equity in undistributed earnings from nonbanking subsidiaries
other impairments on securities						4,000
deferred income tax
net decrease in other assets
net (decrease) in accrued expenses, other liabilities, and dividend payable
dividends from banking subsidiary
dividends from non-banking subsidiary
maturities and redemptions of investment securities available-for-sale
net increase in due from bank subsidiary
capital contribution to banking subsidiary
capital contribution to non-banking subsidiary
proceeds from (payments to) exercise of stock options and lapsed restricted units
proceeds from issuance of common stock
proceeds from issuance of preferred stock
dividends paid												-4,645,000
fdic shared-loss expense
other
amortization of prepaid fdic assessment
benefit from covered and non-covered loan and lease losses						10,157,000
purchases of swap options
reimbursements from the fdic on shared-loss agreements						24,068,000
net change in securities purchased under agreements to resell						-170,000,000
cash and cash equivalents received in bbvapr acquisition
amortization of fair value discounts on acquired loans
other-than-temporary impairments on securities								632,000
deferred income taxes						-1,274,000	-109,000
swaps options
equity options							-525,000	-524,000	-790,000	-484,000	-5,764,000
cash consideration paid for bbvapr acquisition
short term borrowings						3,644,000	-10,135,000					-490,237,000
fhlb advances
fdic-guaranteed term notes						-105,000,000
issuance of common stock costs
issuance of preferred stock costs
termination of derivative instruments						9,000	6,534,000	-236,000
supplemental cash flow disclosure and schedule of non-cash activities:
interest paid						31,683,000		41,445,000	55,337,000	57,921,000	45,828,000	40,627,000
income taxes paid
mortgage loans securitized into mortgage-backed securities						16,619,000		32,873,000	33,355,000	12,246,000		2,936,000
transfer from loans to foreclosed real estate and other repossessed assets
reclassification of loans held-for-investment portfolio to held-for-sale portfolio
investment securities held-to-maturity transferred to available-for-sale
for the year ended december 31, 2012, the changes in operating assets and liabilities included in the reconciliation of net income to net cash from operating activities, as well as the changes in assets and liabilities presented in the investing and financing sections are net of the effect of the assets acquired and liabilities assumed from the bbvapr acquisition. refer to note 2 to the consolidated financial statements for the composition and balances of the assets and liabilities recorded at fair value by the company on december 18, 2012. the cash received in the transaction, which amounted to 394.6 million, is presented in the investing activities section of the consolidated statements of cash flows as “cash and cash equivalents received in bbvapr acquisition”.
the accompanying notes are an integral part of these consolidated financial statements.
net amortization (accretion) of fdic shared-loss indemnification asset						4,827,000
other- than- temporary impairments on securities
sale of mortgage loans held for sale						-1,330,000	-799,000	-862,000
swap options
other repossessed assets						994,000	589,000
cash and cash equivalents received in fdic-assisted acquisition
exercise of stock options						391,000				2,085,000	219,000	136,000
issuance of common stock								94,574,000
issuance of preferred stock
repayments of purchase money note issued to the fdic
transfer from loans to foreclosed real estate						4,143,000		2,916,000	3,409,000	1,131,000	1,239,000	624,000
conversion of preferred stock to common stock
for the year ended december 31, 2012, the changes in operating assets and liabilities included in the reconciliation of net income to net cash from operating activities, as well as the changes in assets and liabilities presented in the investing and financing sections are net of the effect of the assets acquired and liabilities assumed from the bbvapr acquisition. refer to note 2 to the consolidated financial statements for the composition and balances of the assets and liabilities recorded at fair value by the group on december 18, 2012. the cash received in the transaction, which amounted to 394.6 million, is presented in the investing activities section of the consolidated statements of cash flows as “cash and cash equivalents received in bbvapr acquisition”.
amortization of core deposit intangible						36,000	36,000
fair value adjustment of servicing asset						-271,000	-440,000	-449,000
sale of other repossessed properties						-2,000
issuance of fdic-guaranteed term notes
advances from fhlb									760,680,000	248,150,000	1,121,320,000	515,195,000
capital contribution
repayments of advances from fhlb									-787,380,000	-248,150,000	-1,108,220,000	-528,495,000
amortization of premiums, net of accretion of discounts							7,638,000	5,559,000	740,000	-256,000	986,000
net amortization (accretion) of fdic loss-share indemnification asset
benefit from covered and non covered loan and lease losses
early extinguishment of repurchase agreement
sale of foreclosed real estate							132,000	117,000	162,000	250,000	-37,000	-104,000
securities purchased under agreements to resell
repayments from purchase money note issued to the fdic
accretion of fdic loss-share indemnification asset							-1,211,000
derivative activities
accrued interest payable on deposits and borrowings
reimbursements from the fdic on shared loss agreements
securities sold under agreements ro repurchase
proceeds from:
repayments and advances from purchase money note issued to the fdic
shared-loss agreements reimbursements from the fdic							39,839,000
mortgage tax credits
principal repayments of loans, including covered loans
repayments of note payable to the fdic
amortization of accretable yield on loans covered by fdic shared-loss agreements
bargain purchase gain from fdic assisted acquisition
cash and cash equivalents received in fdic-assisted transaction
repayments of advances from note payable to the fdic
amortization of core deposit intangible assets
federal funds purchased and other short term borrowings								-11,226,000
repayments of advances from purchase money note issued to the fdic
dividends paid on common and preferred stock								-2,173,000	-2,173,000
supplemental cash flow disclosure and schedule of noncash activities:
securities sold but not yet delivered								116,747,000	289,565,000	26,995,000	74,289,000	1,192,000
securities purchased but not yet received								171,813,000	112,628,000	101,375,000
common stock used to match defined contribution plan 1165									126,000	74,000	108,000
servicing asset capitalized
sale of securities available-for-sale									-10,340,000	-9,297,000	-358,000	-19,000
principal repayments of loans									30,980,000
net change in cash and due from banks									227,378,000	-38,931,000
cash and due from banks at beginning of period									66,372,000	88,983,000
cash and due from banks at end of period									293,750,000	50,052,000
income tax paid
level 1 —
credit-related other-than-temporary impairments on securities
sale of mortgage loans
other liabilities									-544,000	-1,740,000	-636,000	-175,000
issuance of fdic-guaranted term notes									105,000,000
•
mortgage banking activities									-2,153,000	-1,006,000	-62,000	-436,000
net decrease in:
loans receivable									15,138,000
federal funds purchased									15,117,000	9,057,000	-10,429,000	499,593,000
termination of derivative instrument										-7,875,000
level 1-
equity in earnings of investment in limited liability partnership												-304,000
compensation expense in the form of common stock used to match defined contribution plan 1165
other than temporary impairments
loan production:
maturity of term note											-15,000,000
repurchase of treasury stock
dividend paid on common and preferred stock										-4,600,000
net increase in securities purchased under agreements to resell
level 1
level 2
level 3
weighted-average assumptions:
dividend yield										4,400
expected volatility										31,860
risk-free interest rate										4,330
expected life										8,500
equity in earnings of investment in limited partnership
net decrease in time deposits with other banks
purchase of treasury stocks
equity in (earnings) losses of investment in limited liability partnership
repurchase of treasury stocks
dividend paid in common and preferred stock											-4,628,000
securities and loans purchased but not yet received											40,067,000	1,233,000
equity in losses (earnings) of investment in limited liability partnership											892,000
amortization of premiums, net of accretion of discounts on investment securities												-359,000
net decrease (increase) in time deposits with other banks
equity options and put options
dividends paid on common and preferred stocks
cash and cash equivalents include:
investment securities available for sale transferred to held to maturity
common stocks used to match defined contribution plan 1165												92,000
accrued dividend payable												3,448,000
other comprehensive loss for the period												-1,817,000
stock options expense
total adjustments
net increase in time deposits with other banks
purchases of equity options
common stock purchased
investment securities available-for-sale transferred to held-to-maturity
other comprehensive income for the period
net decrease (increase) in time deposits with other banks purchases of:
purchases of equity options and put options
maturities and redemption of:
premises and fixed assets
other real estate owned
issuance of subordinated capital notes
other comprehensive income for the year
stock dividend paid from treasury stock
amortization of deferred loan origination fees and costs
amortization of premiums and accretion of discounts on investment securities
derivatives activities
hedged securities available-for-sale
proceeds from sale of loans
net purchases of derivatives instruments
proceeds from sale of:
foreclosure real estate
contribution to statutory trust ii
net increase in cash and cash equivalents
short term investments
investment securities available-for-sale transferred to held-to-maturtity
securities and loans sold but not yet delivered
stock dividend paid
net purchases of equity options
real estate loans securitized into mortgage-backed securities
stock dividend
capital expenditures
stock dividend paid from treasury stock in 2004 and stock split effected in the form of a dividend in 2003
net (purchases)/redemption of equity options
proceeds from sale of investment securities available-for-sale
demand, saving and time (including ira accounts) deposits
repayments of:
term notes
issuance of trust redeemable preferred securities
stock purchased
cancellation of stock options
origination of loans held-for-sale
purchases of investment securities available-for-sale
purchases of fhlb stock
net purchases/redemption of equity options
redemption of fhlb stock
proceeds from sales of investment securities available-for-sale
proceeds from advances and borrowings from fhlb
repayment of advances and borrowings from fhlb
repayment of term notes
proceeds for issuance of subordinated capital notes
proceeds from exercise of stock options
cash and equivalents include:
stock split effected in the form of a dividend
net cash provided (used) by operating activities
origination and purchase of loans excluding loans held-for-sale
aquisitions of foreclosed real estates
repayments of advances and borrowings from fhlb
repayments of term notes
deferred tax provision
gain on sale of securities available-for-sale
gain on sale of loans
net income on derivatives activities
maturities and redemptions of investment securities held-to-maturity
proceeds from sales of consumer loans and leases portfolio
origination and purchase of loans
other decrease
advances and borrowings from fhlb
net proceeds from issuance of subordinated capital notes

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